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No instrument executed by an owner, whose fee title to land is registered under sections
508A.01 to 508A.85 and is held in trust, which transfers or plats the land, shall be registered
except upon the written certification of the examiner of titles that the instrument is executed in
accordance with a power conferred in the instrument of trust, or evidenced in a certificate of trust
authorized by section 501B.56, or is authorized by law, or upon the order of the district court
directing the registration of it. The examiner shall not certify any instrument unless:
(1) the trust is supervised by the court; or
(2) an affidavit of trustee authorized by section 501B.57 and the document creating the
trust, a certified copy of it, or a certificate of trust authorized by section 501B.56 is registered as
a memorial upon the CPT. The certified copy of the certificate setting forth the adoption of the
resolution for voluntary dissolution of a corporate registered owner together with the certificate of
the secretary of state that the certificate of dissolution has been filed for record in the secretary's
office shall be deemed the document creating the trust.
History: 1982 c 396 s 55; 1983 c 92 s 34; 1985 c 16 s 9; 1986 c 444; 1992 c 548 s 5